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City of Pittsburgh

Investing in Mt Washington

A Pittsburgh investor's snapshot of Mt Washington — typical rents, rent-to-price, renovation values, and how the numbers pencil for rentals and flips.

Rental snapshot

Balanced
Rent-to-price0.90–1.06%/mo
Price / unit (2–4 unit)$130K–$180K/unit
1-BR rent$1,100–$1,325/mo
2-BR rent$1,400–$1,650/mo
3-BR rent$1,800–$2,050/mo

Flip / value-add snapshot

Core
Renovated ARV$260-$415K
Typical buy range$118-$226K

South Side hilltop. T-line access. ARV rising steadily.

How Mt Washington pencils

  • rent-to-price is workable but leaves less room for surprises
  • there is a real spread between buy price and renovated value, so a value-add works when you buy right
  • entry prices sit mid-market for Pittsburgh

Against the rest of the metro

78th
best rent-to-price of 192 submarkets
67%
of Pittsburgh submarkets are cheaper to buy into
1.96×
renovated value vs. typical buy price

What a typical Mt Washington rental looks like

Purchase (midpoint of the range)$172,000
Rent (typical 2-bed)$1,525/mo
Down payment (25%)$43,000
Principal & interest (7%, 30yr)$858/mo
Taxes & insurance$315/mo
Vacancy & maintenance (7% + 10%)$259/mo
Estimated cashflow$92/mo

2.6% cash-on-cash on the down payment alone

Self-managed, before closing costs and rehab. Midpoints of the published ranges — a real property will differ, which is what the analysis on an actual address is for.

Want Mt Washington deals as they come up?

I'll talk through the market, your buy box, and your goals — then send off-market and new Mt Washington deals that fit.

If Mt Washington works for you, look at these

Similar entry price, rent-to-price and renovated value.

Directional investment estimates showing where the numbers point — not an appraisal, and not a statement about any community or its residents. Always run real comps and rents on a specific property. Equal Housing Opportunity.